Man Who Helped Save America From Financial Armageddon Is Running For Officehttp://www.businessinsider.com/neel-kashkari-leaves-pimco-and-plans-to-run-for-office-2013-1/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 31 Mar 2015 18:48:32 -0400Joe Weisenthalhttp://www.businessinsider.com/c/5101793a6bb3f7a63a000011Gary AndersonThu, 24 Jan 2013 13:11:06 -0500http://www.businessinsider.com/c/5101793a6bb3f7a63a000011
Here is the problem, Molson, People are still being evicted in Las Vegas, which really is an extension of Southern California. I see short sales all over the place. So much for people forgetting or getting over the housing bubble. I actually could find that statement quite offensive. But then, when you live in NYC you don't see much. So maybe I will give Joe a pass this time.http://www.businessinsider.com/c/51013aa0eab8ea492b00000aDo you remember missing that field goal?Thu, 24 Jan 2013 08:44:00 -0500http://www.businessinsider.com/c/51013aa0eab8ea492b00000a
Gary how can you kick 36 straight field goals and miss the game winner in the NFC Championship?
You cost me money.http://www.businessinsider.com/c/5100b5ececad04c56100000eBrett BuchananWed, 23 Jan 2013 23:17:48 -0500http://www.businessinsider.com/c/5100b5ececad04c56100000e
You all realize this guy has the potential to be fast-tracked into the Presidency after holding a lower office or two.
Regardless of what you think about Kashkari, the guy is brilliant. First an engineer at TRW, then he catches the eye of Hank Paulson while doing a stint at Goldman Sachs in their San Francisco office. We all know where that relationship took him.
My guess is that you're looking at the future President of the United States. You just know he's on the short-list of more than a few Wall Street CEO's who'd gladly back a young buck whose already proven himself worthy as a protector of the money trust. I mean, that's what they're paying for when Wall Street backs both sides of the fence, right? Is that each side give the nod to someone who will play ball once they're in office. Kashkari is that guy, at least for the red states.
So good luck Neel. Let's just hope your predecessors can keep a lid on on the inflation Genie that's already slipping out of the bottle and also keep the national debt below $20 trillion dollars before you get a run at the monarchy. Who knows, maybe you'll be the guy that actually tempers risk as it relates sustainable shareholder value and return on capital. Or maybe you'll be the guy that levers the last thin nickel out of the already suppressed wages of underemployed America.http://www.businessinsider.com/c/5100b349eab8ea820600000bPeteWed, 23 Jan 2013 23:06:33 -0500http://www.businessinsider.com/c/5100b349eab8ea820600000b
I don't blame this guy so much. He was just the guy in charge of dealing with the politicians. I thought he did a decent job given that he had to deal with incompetent politicians who, of course, didn't want to accept any blame for the mess we were/are in. He didn't create TARP and frankly, TARP was a joke to begin with. These douchey politicians lined their pockets nicely and got re-elected on the way up and then blamed everyone else and played revisionist historian once the bubble burst.http://www.businessinsider.com/c/5100b331eab8eac506000004Molson UkrainianWed, 23 Jan 2013 23:06:09 -0500http://www.businessinsider.com/c/5100b331eab8eac506000004
I think I got his number. We have a guy like that in Canada, used to write for the Globe and Mail. He curried favour in the press with the finance crowd and ended up becoming a SVP of PR or whatever brand they've given themselves these days (SVP IR, SVP Communications blah blah blah). I think Weasel is either trying for that gig or he's going to try and pull a Steve Rattner where you become an i-banker sans number crunching abilities (how Rattner managed that one must piss off the guys who had to go the traditional route to this day).http://www.businessinsider.com/c/5100b12069bedd3d1f00002cagWed, 23 Jan 2013 22:57:20 -0500http://www.businessinsider.com/c/5100b12069bedd3d1f00002c
its the name of a fairy tale written by somebody that has never set foot on main streethttp://www.businessinsider.com/c/5100ac53ecad047852000001divide/conquerWed, 23 Jan 2013 22:36:51 -0500http://www.businessinsider.com/c/5100ac53ecad047852000001
Current talking points being fed from the top down are a lot like Bush's "you're with us or against us". Why? Obama was the team player supposedly. so it must be like Bush, agenda based. Maybe keeping a lot of people from dealing with real issues like the US is bankrupt!http://www.businessinsider.com/c/5100a9c2eab8eaf572000001GlenWed, 23 Jan 2013 22:25:54 -0500http://www.businessinsider.com/c/5100a9c2eab8eaf572000001
Looks like a spot just opened up at the DOJ, Mr. Beruer resigned two days after the Frontline's The Untouchables.
I suspect getting appointed for to the DOJ would be much easier and cheaper than getting voted into any position.http://www.businessinsider.com/c/51009d80ecad043430000013JerryWed, 23 Jan 2013 21:33:36 -0500http://www.businessinsider.com/c/51009d80ecad043430000013
skipped mine too!http://www.businessinsider.com/c/51009b2e69bedd9370000008BoredWed, 23 Jan 2013 21:23:42 -0500http://www.businessinsider.com/c/51009b2e69bedd9370000008
Yeah, he helped save us...sure.
I had about as much to do with saving us as he did!http://www.businessinsider.com/c/51009b2069bedde06a000011belogicalWed, 23 Jan 2013 21:23:28 -0500http://www.businessinsider.com/c/51009b2069bedde06a000011
There still are some capitalist left out here Joe, Saying this bozo saved us is to make the huge assumption that this is over
I think if you believe that I have some ocean front property in Denver to sell youhttp://www.businessinsider.com/c/51009a93ecad04ec2f000003Gary AndersonWed, 23 Jan 2013 21:21:07 -0500http://www.businessinsider.com/c/51009a93ecad04ec2f000003
Geithner. He is a douche. He was a criminal overseer for the housing bubble as pres of the NY Fed. That was before he came to government.http://www.businessinsider.com/c/51009a0b6bb3f7a61a000001John Love PousséWed, 23 Jan 2013 21:18:51 -0500http://www.businessinsider.com/c/51009a0b6bb3f7a61a000001
Not disappointed to see him go. His unconstrained bond fund was unremarkable.http://www.businessinsider.com/c/5100963decad045229000003bucketheadWed, 23 Jan 2013 21:02:37 -0500http://www.businessinsider.com/c/5100963decad045229000003
As well as being reviled by centrists.http://www.businessinsider.com/c/510091916bb3f7e206000009sweetdougWed, 23 Jan 2013 20:42:41 -0500http://www.businessinsider.com/c/510091916bb3f7e206000009
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Isn't he Imotep?!?!?
Yikes!
<a href="http://mummy.wikia.com/wiki/Imhotep" target="_blank" rel="nofollow" >http://mummy.wikia.com/wiki/Imhotep</a>
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V-Vhttp://www.businessinsider.com/c/51008fb469bedde14e000015Fritz PfisterWed, 23 Jan 2013 20:34:44 -0500http://www.businessinsider.com/c/51008fb469bedde14e000015
Regrettably nothing was saved, Armageddon only delayed. Think Boehner kicking the can on the debt ceiling as an example. TARP only opened the door to the new Collectivist Party (formerly known as Democratic Party until the inaugural speech) to go full blown Keynesian on spending, and passing laws that would never have seen the light of day in a once free America.http://www.businessinsider.com/c/51008eadecad042a18000011Gary AndersonWed, 23 Jan 2013 20:30:21 -0500http://www.businessinsider.com/c/51008eadecad042a18000011
But that was because it was not done properly. There should be long term profit avenues for government to recoup. Tarp was mostly paid back, but other means for banks to money were not paid back. And there were no prosecutions.http://www.businessinsider.com/c/51008d92eab8eae52f000016Bubba ShawnWed, 23 Jan 2013 20:25:38 -0500http://www.businessinsider.com/c/51008d92eab8eae52f000016
@Gary Anderson: Regardless how anybody spins the consequences, the taxpayers are still stuck with the bill.http://www.businessinsider.com/c/51008bffecad04c515000005Gary AndersonWed, 23 Jan 2013 20:18:55 -0500http://www.businessinsider.com/c/51008bffecad04c515000005
Well, it will ultimately be a morality play. And the rich have a snowball's chance in hell of surviving the judgement.http://www.businessinsider.com/c/51008ae269bedd903f000017Gary AndersonWed, 23 Jan 2013 20:14:10 -0500http://www.businessinsider.com/c/51008ae269bedd903f000017
Well, unfortunately, the derivatives made it likely that the bailout, or at least the stopping of the money market bleeding was necessary. However, these folks set up the ponzi housing bubble, GS guys, and the JPM Gaussian Copula guys and the central banks that adopted the bogus risk management. So you cannot call bubble blowers and RICO frauders heroes. They are NOT HEROES for bailing out the financial system.http://www.businessinsider.com/c/51008a556bb3f72d76000013awerawerwerwerwerwerWed, 23 Jan 2013 20:11:49 -0500http://www.businessinsider.com/c/51008a556bb3f72d76000013
How can anybody live down a yearbook entry like this one:
<a href="http://gawker.com/5066012/neel-ferrari-kashkari-the-us-bailout-chiefs-epic-high-school-yearbook?tag=Neel-Kashkari" target="_blank" rel="nofollow" >http://gawker.com/5066012/neel-ferrari-kashkari-the-us-bailout-chiefs-epic-high-school-yearbook?tag=Neel-Kashkari</a>
Seriously?http://www.businessinsider.com/c/51008a4369beddb03f000011singapuraWed, 23 Jan 2013 20:11:31 -0500http://www.businessinsider.com/c/51008a4369beddb03f000011
I was referring to the (now corrected) headline which read "Man Who Helped Saved America From Financial Armageddon Is Running For Office". Would have made a great company name for an insurance company or a bank.http://www.businessinsider.com/c/510089f8eab8ea6829000008Mr RightWed, 23 Jan 2013 20:10:16 -0500http://www.businessinsider.com/c/510089f8eab8ea6829000008
Exactly. He'll fit right in to the Republican party. We in Ca. just voted to actually PAY for what we use, a concept foreign to CONservatives. Don't think we're going back to the old, "Let's cut revenue, and that will increase revenue" fairy tale anytime soon. Maybe after we have another surplus, we can afford another Republican Tea Party.http://www.businessinsider.com/c/5100892a69beddcb3f00000bBubba ShawnWed, 23 Jan 2013 20:06:50 -0500http://www.businessinsider.com/c/5100892a69beddcb3f00000b
TARP socialized the excessive risk banking executives and auto company executives exposed their firms and stock holders to. TARP interfered with the free market by saving firms that should have shut down at the expense of American taxpayers. TARP extended the high unemployment and recession by preventing asset prices from adjusting.
"Saved America" ? The jury is still very much out on that question.http://www.businessinsider.com/c/510088e66bb3f74776000011Gary AndersonWed, 23 Jan 2013 20:05:42 -0500http://www.businessinsider.com/c/510088e66bb3f74776000011
Joe is. He strayed from that role as the champion of the trillion dollar coin, but I see he has returned to the fold with this article.http://www.businessinsider.com/c/5100887c6bb3f7d77300000aGary AndersonWed, 23 Jan 2013 20:03:56 -0500http://www.businessinsider.com/c/5100887c6bb3f7d77300000a
Lol, someone is better off.http://www.businessinsider.com/c/510087c2ecad04000d000004romney 2012Wed, 23 Jan 2013 20:00:50 -0500http://www.businessinsider.com/c/510087c2ecad04000d000004
Gary, moral hazard is a small price to pay for record high stocks and 16 quarters of blowout P&E.
<a href="http://tinyurl.com/esfdses4r67" target="_blank" rel="nofollow" >http://tinyurl.com/esfdses4r67</a>
'mistakes were made, but we're better off'http://www.businessinsider.com/c/510087a669bedd303c000008don robertsWed, 23 Jan 2013 20:00:22 -0500http://www.businessinsider.com/c/510087a669bedd303c000008
Saved from financial armageddon B I??
Just as the GOP agree to increase the debt level...... i read.
Millions out of work.http://www.businessinsider.com/c/5100879469beddd63f000003djWed, 23 Jan 2013 20:00:04 -0500http://www.businessinsider.com/c/5100879469beddd63f000003
ya ,he was Hank's right hand man....now how many trillion are the taxpayers on the hook for?....he will fit right in with those no limit Gov.http://www.businessinsider.com/c/51008709eab8ea0a25000001Mr RightWed, 23 Jan 2013 19:57:45 -0500http://www.businessinsider.com/c/51008709eab8ea0a25000001
Neil Cashcarry wants to run as a Republican in Ca? Good for him, and congratulations to whichever Democrat wins. We've had twenty years of Republican drool, and after two years of Democratic control, is solid D. have a balanced budget. And CALPERS is back in the black, with a %13 return. I suppose there will always be a district in Ca. where a Republican might have a chance, but even 90210 is solid D now. But I guess it keeps with Republican logic where success = failure and losing is winning.http://www.businessinsider.com/c/510086faeab8ea6125000001romney 2012Wed, 23 Jan 2013 19:57:30 -0500http://www.businessinsider.com/c/510086faeab8ea6125000001
pert, tea party 2009, tarp 2008. ..speaking of rewriting history
<a href="http://tinyurl.com/esfdes4rsf7oss" target="_blank" rel="nofollow" >http://tinyurl.com/esfdes4rsf7oss</a>http://www.businessinsider.com/c/51008695ecad04dc0300001cStephen BlackpoolWed, 23 Jan 2013 19:55:49 -0500http://www.businessinsider.com/c/51008695ecad04dc0300001c
When Neel was saving America from financial Armageddon, he skipped my house. Maybe Neel was just bailing out Wall Street bankers.http://www.businessinsider.com/c/510085c269bedddd3b000001DelmarWed, 23 Jan 2013 19:52:18 -0500http://www.businessinsider.com/c/510085c269bedddd3b000001
If he saved us, why not make him Fed Prez!http://www.businessinsider.com/c/51008594eab8eac41f000008Event HorizonWed, 23 Jan 2013 19:51:32 -0500http://www.businessinsider.com/c/51008594eab8eac41f000008
Wow... nice try rewriting of history here. The tea party vehemently opposed TARP, with the republican controlled House initially rejecting the law. Remember a certain maverick suspending a presidential campaign to go to DC to get his party in line? You might want to check who voted for and who voted against TARP.http://www.businessinsider.com/c/51008593eab8eaa61a00001cNickWed, 23 Jan 2013 19:51:31 -0500http://www.businessinsider.com/c/51008593eab8eaa61a00001c
Sooo you think that had all of those giant institutions failed life in America would have just gone on as usual? You're an idiot if you think that. This man stayed off a cataclysmhttp://www.businessinsider.com/c/51008552ecad04d903000014darfWed, 23 Jan 2013 19:50:26 -0500http://www.businessinsider.com/c/51008552ecad04d903000014
I'm pretty sure TARP is equally hated by the far left and the far right.http://www.businessinsider.com/c/510085366bb3f7526f000011PapaSwampWed, 23 Jan 2013 19:49:58 -0500http://www.businessinsider.com/c/510085366bb3f7526f000011
You realize this dudes hedge fund crapped the bed? He also helped bailout the banksters.... Cripes BI.... Just say you are a shill for the banks...http://www.businessinsider.com/c/51008495ecad04ea05000006Gary AndersonWed, 23 Jan 2013 19:47:17 -0500http://www.businessinsider.com/c/51008495ecad04ea05000006
Orange County was ground zero of the housing bubble, where many of the firms existed that blew the bubbles, like World Savings. So, he will either have friends there, or he will be laughed out of town. If people have forgotten the housing bubble they will surely be burned again, Joe.http://www.businessinsider.com/c/510083d4eab8eab115000017Gary AndersonWed, 23 Jan 2013 19:44:04 -0500http://www.businessinsider.com/c/510083d4eab8eab115000017
Tarp was a drop in the bucket of what really went to the banks. Tarp was intended for partial help for main street. That never happened. It always never happens.
We bailed out banks so they can blow more bubbles. However, I think the housing market is doomed to instability. It cannot be stable because cash from the hedge funds and easy money dominates it. It cannot be healthy ever again.
And even if it were healthy for a couple of months, it cannot stay stable over the course of a 30 year loan.http://www.businessinsider.com/c/5100836e6bb3f70d6d00000esingapuraWed, 23 Jan 2013 19:42:22 -0500http://www.businessinsider.com/c/5100836e6bb3f70d6d00000e
"Saved America"? is that a company name?http://www.businessinsider.com/c/510082edecad04a00300000fromney 2012Wed, 23 Jan 2013 19:40:13 -0500http://www.businessinsider.com/c/510082edecad04a00300000f
The liberals refuse to give republicans and Bernanke credit where it is due for the overwhelming success of TARP
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